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AMES, Iowa -- The lack of a futures market for forages can make it difficult for land owners and beef producers to establish a fair-market value, particularly for standing forages. Establishing that value, however, can make the difference between profit and loss for a beef operation in a given year.

Iowa State University Extension and Outreach beef specialists Patrick Gunn and Joe Sellers have created a new fact sheet, "Pasture and Grazing Arrangements for Beef Cattle," for those who use pasture and grazing rentals in their operations.

"This new resource provides an overview of four common types of arrangements along with suggestions on how to structure agreements for the benefit of both parties," Gunn said.

The two-page fact sheet includes information on establishing pasture rental price for each of the four types, and links to online resources from ISU Extension and Outreach Ag Decision Maker and Iowa Beef Center.